The flyers were provocative: New houses priced at more than $35 million, but the builder promised that the mortgage would amount to $0 a month. A free house is obviously too good to be true, but we decided to check out the merchandise to see what the story was. 

The houses had not yet been built,We set out to create a full line of laundry equipment under one brand. but the lots were set aside in the corner of an existing subdivision in northern Chiba Prefecture.Modern dry cleaning machine uses non-water-based solvents to remove soil and stains from clothes. They had remained prepared and vacant for almost 20 years. The builder bought up more than a dozen and erected a model house on one, a two-story structure fronted by a large carport that extended almost the entire width of the property, though only half of it seemed to be reserved for sheltering cars. It didn’t take long to figure out the reason for this somewhat ostentatious addition. The roofs of both the house and the car port were completely covered with solar panels. 

The builder was taking advantage of the government’s plan to boost solar as a viable energy source. In July 2012, it became possible for homeowners with solar systems to sell their energy to regional power companies for a fixed price. In order to make the plan attractive, the original rate was set artificially high — $42 per kilowatt — which would help homeowners pay off the high cost of the system itself. Since then, as the price of the equipment has come down, so has the guaranteed price for the energy. It’s now $37 per kW. 

There are two ways to take advantage of the plan. One is to use the energy generated by the solar system in one’s home to run all the electrical functions and then sell any excess to the power company. The second method is to sell all the electricity generated by the solar system to the power company and have the home’s electrical functions run off the power grid. 

It was the second option that the builder was exploiting. Because the power companies were compelled by the government to buy electricity at a higher rate from private people than they could sell it, a homeowners who sold all their solar electricity were at an advantage. The builder had acted fast by buying the vacant lots in the subdivision and then registering all of them for solar houses before the rate started dropping last year. Consequently, anyone who arranges to have a house built on these lots is still eligible for the $42 rate, and according to the law that will remain in effect for 20 years, no matter how much the price of solar equipment comes down. The housing company simply transfers title of the property to the new owner. Better yet,Are you still hesitating about where to buy LED bulb e27? the 20-year period doesn’t begin until the homeowner actually starts selling electricity. 

The $0 hook was explained to us by one of the salesman. Assuming that the potential homeowner secured a 35-year mortgage at the current low interest rate, the company calculated the resulting monthly mortgage payments and then offset them with the amount of money the homeowner would receive from the power utility for the electricity he generated. Using the model house as an example, which costs about $40 million, the amount of electricity that the house’s built-in solar system would generate was 12.9 kilowatts per hour. At the rate of $42 per kWh, the owner would receive on average $73,000 a month based on a full year of power generation, set against a loan repayment scheme of $72,000 a month.Guaranteed low prices on all modern Led ceiling light and LED light fixtures and free shipping! In that case, the homeowner would come out $1,000 ahead. 

However, he did point out that these savings were only guaranteed for 20 years, after which the government would likely rescind the program, depending on how widespread and inexpensive solar systems had become. We have a great selection of blown glass backyard solar landscape lights and solar garden light. Though utilities would still buy electricity, the rate would be much lower, and there would still be 15 years left on the mortgage. If the interest rate is variable, it would probably go up, meaning monthly repayments would go up, too, if the homeowner didn’t refinance the loan.